AerCap starts roadshow for $300 million five-year bullet notes

By Paul A. Harris

Portland, Ore., May 14 - Amsterdam-based AerCap Aviation Solutions BV began a roadshow on Monday for a $300 million offering of non-callable five-year notes, according to a syndicate source.

The deal is set to price during the middle part of the present week.

Citigroup Global Markets Inc. is the left bookrunner. UBS Investment Bank is the joint bookrunner.

KKR Capital Markets and Credit Agricole CIB are the co-managers.

The Rule 144A and Regulation S with registration rights notes feature incurrence-based covenants and a 101% poison put.

Credit ratings remain to be determined.

The integrated aviation company plans to use the proceeds to acquire, invest in, finance or refinance aircraft assets and for other general corporate purposes, which will include the repayment of the company's E note facilities.

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